There are a number of things that you will need to consider when deciding whether an equity release scheme is appropriate for you.
To help you, we will ask a number of questions because this really is an important decision to make.
Many of them will revolve around your current and future financial needs – for instance if there is anyone else depending on you for financial support; or if you expect to make any large repairs to your home in the near future.
We are likely to ask for information about you and your finances, including:
- How you currently finance, or plan to finance your retirement
- Information about your family and any dependent/s you may have
- Your current health and how it could affect your future plans
- Your current financial position – whether you have any outstanding debts which need to be paid for
- What your objectives and priorities are for your future
- What your views are on house prices, and how important owning your own home is
Useful links Equity release calculator
Providers we may use